Stories

SaveSave story

Coinbase confirms acquisition of Earn.com

CEO Balaji Srinivasan speaks onstage during TechCrunch Disrupt SF 2017. Photo: Steve Jennings/Getty Images for TechCrunch

Coinbase is acquiring Earn.com, a paid inbox service formerly known as 21 inc., with CEO Balaji Srinivasan joining as chief technology officer, confirming Axios's earlier reporting.

Bottom line: Coinbase is gaining a well-known figure in Silicon Valley and digital currencies as its CTO, while Earn.com, which began as a bitcoin mining company in 2013, gains stability as part of a larger company.

Details: The company declined to comment on the deal, but a source tells Axios that total value (cash and stock) returned to Earn.com shareholders is north of the $120 million it raised in total VC money.

Chief evangelist: While Srinivasan's new title is CTO, his role will be more akin to an evangelist for the company and cryptocurrencies in general, though he'll fully be part of Coinbase's leadership team. The company's engineering teams will continue to report to chief product officer Jeremy Henrickson.

Axios 6 hours ago
SaveSave story
Featured

Axios situational awareness

⚖️ DOJ hands over Comey memos to Congress — 📝 Read what's in the memos — 🌎 Trump and Kim's summit of surprises — ☄️ There really is a lot of space junk

Sign up for Mike Allen's Axios AM.

Haley Britzky 6 hours ago
SaveSave story

Extremist with ties to 9/11 captured by U.S.-backed Syrian forces

Fighters of the Syrian Democratic Forces (SDF) stand guard on a rooftop.
Fighters of the Syrian Democratic Forces stand guard on a rooftop in Raqa on October 20, 2017. Photo: Bulent Kilic/AFP/Getty Images

Mohammed Haydar Zammar, a Syrian-born German extremist who is believed to have links to the 9/11 attacks, is being questioned by the Syrian Democratic Forces, NBC reported Wednesday, citing an AFP report, and CNN confirmed on Thursday.

Why it matters: Per CNN, Zammar "is believed to have recruited some of the perpetrators" for the 9/11 attacks. Zammar was "a well-known figure in the Muslim community (and to German and U.S. intelligence agencies by the late 1990s)," the 9/11 Commission Report stated, according to NBC. Pentagon spokesman Eric Pahon told CNN that Zammar "was captured more than a month ago by SDF partners as part of their ongoing operations to defeat ISIS inside Syria."